Please help us continue to provide you with free, quality journalism by turning off your ad blocker on our site.

Thank you for signing in.

If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next!

I agree to receive occasional updates and announcements about Forbes products and services. You may opt out at any time.

I'd like to receive the Forbes Daily Dozen newsletter to get the top 12 headlines every morning.

Forbes takes privacy seriously and is committed to transparency. We will never share your email address with third parties without your permission. By signing in, you are indicating that you accept our Terms of Service and Privacy Statement.

In this article I propose to provide a visual summary of the difference between the E-2 work visa and the EB5 green card to explain why the E-2 visa may be a better choice for you as an investor immigrant. (For those unfamiliar with these immigration options, see my previous article here and requirements here for the E-2 visa. See my previous article here and the requirements here for the EB-5 program.)

E-2 work visa Advantages

EB-5 green card Disadvantages

1. Quick processing times - a few months

1. Slow processing time - two years or as many as seven or eight for backlog applicants eg. Chinese.

2. Investment - perhaps $200,000 U.S. or even less, depending on business involved.

5. Immediate permission to work in the USA, spouse can work anywhere, children can go to school and college at internal resident tuition rates.

5. Waiting abroad for approval from Immigration - two plus years and as much as seven or eight if in the backlog.

6. Low legal Cost - Roughly $10,000 - $20,000 U.S.

6. High cost approximately - $50,000 - $ 70,000 or more in fees

7. Possible tax advantages - as an nonimmigrant resident if principal resident stays in USA not more than 122 days per year no tax on worldwide income (seek advice).

7. Possible clouded judgment of promoters and advisors due to considerable financial rewards for finding EB-5 investors. Taxation on worldwide income of investor.

8. Less paperwork- more flexible treatment of investor on compliance with rules

8. More paperwork - severe enforcement of rules

E-2 Disadvantages

EB-5 Advantages

1. Must work - passive investment not enough. Therefore must speak at least some English.

1. Permanent resident status

2. The immigrant investor’s U.S. presence is tied to the business success – must work.

2. No work requirement

3. Must renew the visa every 5 years or so.

3. Renewal of permanent residence cards every ten years.

4. No clear route to green card/ U.S. citizenship

4. Long term certainty. Path to citizenship.

What if you are a citizen of a country that does not have an investment treaty with the United States to make you eligible to apply for a E-2 work visa? What if you live in countries like China, Nigeria, Lebanon, Saudi Arabia, Dubai, UAE, Iraq, Syria or Afghanistan? What can you do? You can consider applying for Citizenship by Investment in Grenada, a country in the Caribbean that could help you because it has an investment treaty with the U.S. You could qualify for an E-2 visa indirectly through that country.

Visual summary of benefit of Grenada Citizenship by Investment Option for Investors from non-treaty countries:

Lyth Basem, Lived in Saudi Arabia for 10 years ... I have a lot of Saudi friends who are secretly dual-citizens, when they want to travel on their second passport, they catch a plane to a different gulf country, and then they use their other passport to get to wherever they want to go from there. If they’re ever caught by the authorities, then the government forces them to pick between both citizenships. (Posted here. Please note, this is NOT my advice, it is included here simply as an observation of what is happening related to this area.)

Conclusion: With Congressional changes coming to the EB-5 program that likely will increase the investment amount required and make it more difficult for an investor to apply, the E-2 visa may make a lot of sense. Careful consideration of the tax and citizenship questions need to be involved, however. Hopefully these visual summaries will help you in that regard.

I am a U.S. and Canadian Immigration attorney and have helped over 10,000 clients with various legal problems. I am a member of the New York and California Bar’s in the

…

I am a U.S. and Canadian Immigration attorney and have helped over 10,000 clients with various legal problems. I am a member of the New York and California Bar’s in the US and Ontario and BC bars in Canada. I am a former UN Correspndent, a published author, a professional speaker and work for Pace Law Firm in Toronto.